Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 74 Development Opportunity Title is generated by Realmo AI

    5205 W Highway 74 Highway, Monroe, NC 28110

    View on Map
    Claim this Listing
    For Sale
    $375,000

    1.25-acre commercial land with high visibility and access.

    Type:General Commercial
    Lot size:
    1.25 Acres
    Added:
    Nov 18, 2024
    Days on Market:
    560
    Last Refresh:
    May 13 at 8:08 pm

    Property Features for 5205 W Highway 74 Highway

    General Information

    Standard status
    Active
    Lot size
    1.25 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Emily Cline
    Emily Cline

    Listing agent Emily Cline License #303799

    Listing office Mw Commercial Realty Llc

    Listing date Nov 18, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mw Commercial Realty Llc

    HighLights

    • 1.25‑acre development opportunity
    • Exceptional visibility on Highway 74
    • High traffic counts
    • 113 feet of road frontage
    • Located directly across from Ford and Kia dealerships
    • Ideal for a variety of commercial uses

    Overview

    This 1.25-acre commercial land offers a development opportunity with visibility and access on Highway 74 in Indian Trail, NC. The property is located directly across from the Ford and Kia dealerships. It benefits from high traffic counts and 113 feet of road frontage. The site is positioned along one of the area's busiest corridors, providing exposure and convenience for businesses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5236
    Latitude
    35.0658

    Nearby Similar for Sale

    • $789,900
      4,400 SF

      Union County Commercial Opportunity

      Warehouse, office, and metal building on over four acres.
      5610 Morgan Mill Road, Monroe, NC 28110
      View Details
    • $549,900
      3,218 SF

      Monroe Land Development Opportunity

      Prime 5.10-acre site for residential development or institutional uses.
      1116 Medlin Road, Monroe, NC 28112
      View Details
    • $625,000

      Horse Property in Wesley Chapel

      6.3+ acre horse property near shopping and dining.
      205 Airport Road, Monroe, NC 28110
      View Details
    • $950,000

      Two New Construction Homes Package

      Two new construction homes on wooded acreage, move-in ready.
      5624/5630 Tipton Road, Monroe, NC 28112
      View Details
    • $615,000

      Commercial Land Near Highway 74

      Commercial property with high traffic, redevelopment potential, and flexible zoning.
      3708 Wesley Chapel Stouts Road, Monroe, NC 28110
      View Details
    • $115,000

      Commercial Lot in Monroe, NC

      Prime commercial lot with high visibility and convenient access.
      201 E Phifer Street, Monroe, NC 28110
      View Details
    • $1,499,000

      Monroe Acreage: Estate or Development

      47.66 acres ideal for estate, equestrian, or development.
      7908 Concord Highway, Monroe, NC 28110
      View Details
    • $1,880,000

      40 Acres Land in Monroe, NC

      40 acre land parcel with utilities access near Monroe Bypass.
      3434 Morgan Mill Road, Monroe, NC 28110
      View Details
    • $800,000
      4,400 SF

      Union County Commercial Opportunity

      Four-acre commercial property with warehouse, office, and metal building.
      5610 Morgan Mill Rd, Monroe, NC 28110
      View Details
    • $839,900

      Monroe Land with Shop Buildings

      7.18 acres in Union County with shop buildings.
      1923 Mcrorie Road, Monroe, NC 28112
      View Details
    • $1,900,000
      10,800 SF

      Monroe Industrial Land For Sale

      27.7 acres of General Industrial land ready for development.
      Rocky River Road N, Monroe, NC 28110
      View Details
    • $275,000

      Residential Land in Monroe, NC

      1.39-acre lot suitable for residential development in Union County.
      Airport Road, Monroe, NC 28110
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.25-acre commercial land with high visibility and access.
    Where is this commercial land located?
    The property is located at 5205 W Highway 74 Highway Monroe, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 1.25‑acre development opportunity; Exceptional visibility on Highway 74; High traffic counts
    (704) 280-1314
    We can help!
    Listing Contact
    Emily Cline
    Emily Cline
    Real Estate License ID: 303799
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5205 W Highway 74 Highway, Monroe, NC 28110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!